Browse > Article
http://dx.doi.org/10.13000/JFMSE.2016.28.6.1781

An Analysis on Economic Effectiveness of Environment Improvement Project in Oil Spill Damaged Fishing Grounds  

KIM, Hong-Sik (Pukyong National University)
JEON, Hyoung-Joo (National Institute of Fisheries Science)
KIM, Do-Hoon (Pukyong National University)
Publication Information
Journal of Fisheries and Marine Sciences Education / v.28, no.6, 2016 , pp. 1781-1791 More about this Journal
Abstract
This study aimed to analyze the economic effectiveness on environment improvement project that has been implemented in five fishing grounds of Taean-gun which had been damaged by the Hebei Spirit oil spill accident. In the analysis, first, this study performed the survey on residents perceptions about the environment improvement project. Second, the cost-benefit analysis was carried out to evaluate the economic effectiveness of the project. The survey results of residents perceptions indicated that the damage of oil spill was considerable in the target areas. It also showed that residents wanted to continue the environment improvement project and the levels of project satisfaction were quitely high. The economic results showed that 3 areas(Woong-do, Wang-san, and Dang-mi) would have positive values of NPV and B/C ratio, but the other(Nu-dong) would have negative values. The findings of this analysis could be used as the base data for increasing operational efficiency of future environment improvement projects.
Keywords
Hebei Spirit; Oil Spill; Environment Improvement Project; NPV; B/C Ratio;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Kim, Jong-Beom & Shin, Chul-Oh(2013). Policies for development of Environment improvement project, Fishing port and ground 104, 50-55.
2 Korea development institute(2008). General guidelines for pre-feasibility study evaluated and revised 5th.
3 Korea fisheries association(2015). Fisheries year book.
4 Korea fisheries infrastructure promotion association (2015). Internal data.
5 Ministry of oceans and fisheries(2015). Studies of effect investigation for improvement project and monitoring fishing ground environment monitoring in oil damaged areas.
6 Shin, Chul-Oh Lee, Heon-Dong & Choi, Ji-Yeon (2007). Economic valuation of coastal environment restoration, Korea maritime institute research report.
7 Shin, Chul-Oh.Jang, Jung-In & Choi, Ji-Yeon(2007). A study to estimate environmental damage caused by the Hebei Spirit oil spill, Korea maritime institute research report.
8 Sim, Gi-Seop & Shin, Chul-Oh(2006). A comparatives study on CVM models: Focusing on a measurement for environmental valuation of environment improvement project, Marine and fisheries monthly publication 8, 24-35.